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  (LEAD) Lotte Chemical Q1 net tanks on high oil costs, slowing demand

  (ATTN: RECASTS headline, lead; UPDATES with more info; ADDS photo)SEOUL, May 13 (Yonhap) -- Lotte Chemical Corp., the petrochemical unit of South Korean conglomerate Lotte Group, said Friday its first-quarter earnings tumbled nearly 80 percent due to
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  (2nd LD) Court picks KG consortium as preliminary bidder for SsangYong Motor

  (ATTN: UPDATES with KG and Ssangbangwool's comments in 6-9; ADDS 2nd photo) SEOUL, May 13 (Yonhap) -- A Seoul court on Friday selected a local consortium led by chemical-to-steel firm KG Group as the preliminary bidder for SsangYong Motor ahead o
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  (2nd LD) HMM Q1 net spikes on high shipping rates

  (ATTN: ADDS share price in last para) SEOUL, May 13 (Yonhap) -- South Korea's leading container shipper HMM Co. said Friday its first-quarter earnings rose nearly twentyfold from a year earlier amid high freight rates. Net profit stood at 3.13 tr
• Coway Q1 net income up 7.3 pct to 135 bln won

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  SEOUL, May 13 (Yonhap) -- Coway Co. on Friday reported its first-quarter net profit of 135 billion won (US$105.1 million), up 7.3 percent from a year earlier.The company said in a regulatory filing that operating income for the January-March period r
• KEPCO Plant Service & Engineering Q1 net income down 52.7 pct to 20.8 bln won

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  SEOUL, May 13 (Yonhap) -- KEPCO Plant Service & Engineering Co. on Friday reported its first-quarter net profit of 20.8 billion won (US$16.2 million), down 52.7 percent from a year earlier.Operating profit for the January-March period was 22.5 billio
• CJ CGV remains in red in Q1

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  SEOUL, May 13 (Yonhap) -- CJ CGV Co. on Friday reported its first-quarter net loss of 111.4 billion won (US$86.8 million), remaining in the red compared with a year ago.The company said in a regulatory filing that it continued to post an operating lo
• Lotte Chemical Q1 net profit down 78.3 pct to 116.6 bln won

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  SEOUL, May 13 (Yonhap) -- Lotte Chemical Corp. on Friday reported its first-quarter net income of 116.6 billion won (US$90.8 million), down 78.3 percent from a year earlier.Operating income for the January-March period was 82.6 billion won, down 86.8
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  (LEAD) Korea Electric Power reports record loss in Q1 over high fuel prices

  (ATTN: RECASTS headline, lead to add more details; ADDS more info throughout, photo)SEOUL, May 13 (Yonhap) -- South Korea's state power firm Korea Electric Power Corp. (KEPCO) on Friday reported a record-high operating loss in the first quarter o
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  (LEAD) Court picks KG consortium as preliminary bidder for SsangYong Motor

  (ATTN: RECASTS throughout; ADDS photo) SEOUL, May 13 (Yonhap) -- A Seoul court on Friday selected a local consortium led by chemical-to-steel firm KG Group as the preliminary bidder for SsangYong Motor ahead of the auction beginning later this month
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  (LEAD) HMM Q1 net spikes on high shipping rates

  (ATTN: UPDATES with more info from para 4) SEOUL, May 13 (Yonhap) -- South Korea's leading container shipper HMM Co. said Friday its first-quarter earnings rose nearly twentyfold from a year earlier amid high freight rates. Net profit stood at 3.
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  (LEAD) LG Uplus' Q1 net down 15.2 pct from decreased handset-related margins

  (ATTN: RECASTS with more details; CHANGES headline; ADDS photo)SEOUL, May 13 (Yonhap) -- LG Uplus Corp., South Korea's third-largest mobile carrier, said its first-quarter net profit slumped 15.2 percent from a year earlier due to decreased profi
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  Yoon calls for preemptive response to economic challenges

  By Lee Haye-ahSEOUL, May 13 (Yonhap) -- President Yoon Suk-yeol on Friday called for a preemptive response to various economic challenges facing the country, citing concerns about a trade deficit and an economic slowdown.Yoon issued the call during a
• Korea Electric Power shifts to loss in Q1

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  SEOUL, May 13 (Yonhap) -- Korea Electric Power Corp. on Friday reported its first-quarter net loss of 5.92 trillion won (US$4.6 billion), turning from a profit of 112.4 billion won a year earlier.The company said in a regulatory filing that it posted
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  HMM Q1 net spikes on high shipping rates

  SEOUL, May 13 (Yonhap) -- South Korea's leading container shipper HMM Co. said Friday its first quarter earnings rose nearly 20-fold from a year earlier amid high freight rates. Net profit stood at 3.13 trillion won (US$2.43 billion) in the Janua
• Seoul Bankruptcy Court selects KG Group as designated buyer of embattled SsangYong Motor

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  SEOUL, May 13 (Yonhap) -- The Seoul Bankruptcy Court on Friday selected a consortium led by chemical-to-steel conglomerate KG Group as the designated buyer of the debt-ridden automaker SsangYong Motor Co.The decision approves the consortium between K
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  S. Korea, Japan in close consultation over Gimpo-Haneda flight service resumption

  SEOUL, May 13 (Yonhap) -- South Korea and Japan have had close consultations on the reopening of an air route between Seoul's Gimpo and Tokyo's Haneda airports after more than two years of suspension due to the COVID-19 pandemic, the transpor
• (URGENT) Seoul Bankruptcy Court approves KG Group as designated buyer of embattled SsangYong Motor

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  New industry minister vows to overhaul energy policy, end nuclear phaseout

  SEOUL, May 13 (Yonhap) -- New South Korean Industry Minister Lee Chang-yang vowed Friday to overhaul the country's energy policy by utilizing nuclear power as part of efforts to ensure energy security and achieve zero-emission goals.The move repr
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  (LEAD) Ukraine war, supply snarls feared to dent investment, exports: gov't

  (ATTN: UPDATES with more details in paras 8-12; ADDS photo)By Kim Soo-yeonSEOUL, May 13 (Yonhap) -- The war between Russia and Ukraine, and extended global supply disruptions are feared to sap South Korea's corporate investment and exports, and a
• LG Uplus Q1 net income down 15.2 pct to 170.4 bln won

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  SEOUL, May 13 (Yonhap) -- LG Uplus Corp. on Friday reported its first-quarter net profit of 170.4 billion won (US$132.2 million), down 15.2 percent from a year earlier.Operating profit for the January-March period was 261.2 billion won, down 5.2 perc